Emotional Bias Drive Short-Term Market Interpretations

The retest of long-term resistance as support is normal market action.  Connected interests which also shape perceptions understand that emotion biases drive short-term market interpretations. It uses them to facilitate a transfer of control during reactions in secular bull or bear market. There's really nothing more to be said other than this logic will be supported by the market's action over time.

Chart: S&P Gold (Formerly Precious Metals Mining)* S&P Gold from 1945, Barron's Gold Stock Index from 1939-1945, 1922-1939 Homestake Mining

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